The US dollar stood at a one-year high against major peers on Thursday and headed for a fifth straight daily gain:ear high against major peers on Thursday and headed for a fifth straight daily gain, fueled by higher yields and Donald Trump’s election victory. The greenback climbed above 156 yen for the first time since July. The euro slumped to its weakest since Nov. 2023 at $1.0546 and sterling hit its lowest on the dollar in three months at $1.2683. The US dollar index, which measures the currency against six top counterparts including the euro and yen, added 0.2% to 106.69, its highest since early November 2023.

According to Qatar News Agency, Elsewhere, the Australian dollar fell to a three-month low touching $0.6464. The New Zealand dollar fell about 0.4% to $0.5859.